The Company is a recurring revenue business with a 22-year track record as a pioneer and innovator in the cloud hosting space. Its stellar reputation is built on outstanding service reliability, proficient technical expertise and exceptional customer support. The IaaS portfolio includes colocation, mission critical-grade IP transit, managed infrastructure services, cloud hosting, dedicated servers, shared hosting, and domain registration. The Company operates more than 40,000 servers and has 11,478 accounts among 3,152 active clients. 190 new customers were added over the past 12 months. The Company has attracted and retained clients in over 100 countries, distributed across virtually every continent.
The Company manufactures monolayer, high-density polyethylene and polypropylene films, roll stock and semi-finished products. Industries served include food, industrial, automotive, medical, and commercial packaging. The Company also serves as a contract manufacturer performing slitting/rewinding and plastic film production for customers who manufacture a variety of consumer products including food, medical equipment and shopping bags. The Company acquired 17 new customers in 2017 and has 209 active accounts. No single customer accounts for more than 12.5% of sales.
Virtually all the Company’s products are for single-use applications, such as medical and food packaging. There is an estimated 98% rate of repeat business.
The Company is one of the largest stone fabricators in the Southeast and among the top 10 custom stone fabricators in the country. The Company operates a state-of-the-art stone production facility, a custom cabinetry production facility and several showrooms. There is an annual customer base of about 300 commercial and residential builders. In early 2018, management expects to enter into a new contract with a developer that will generate $1.5 million in revenue going forward.
The Company is an Italian premier designer and manufacturer of hydronic systems for air conditioning, heat exchangers, tanks and storage systems for heating, for thermo-sanitary systems and for circulation of fluids in industrial processes and heat pumps for solar panels.
An industry icon known for innovation, the Company offers customized solutions to OEM customers and to EPC for use in industrial processes, but it also offers standard solutions to distributors and installers of medium to large size. Approximately 36% of the Company’s revenues come from Italian and international OEMs in the HVAC market, 44% from distributors and installers in the HVAC market, and 20% from EPC and other customers in the industrial sector. The Company enjoys a long-standing national and multinational client base, serves about 2,100 accounts annually and about 64% of the Company sales are branded with its own name.
In 2017, the consolidated revenues generated by the Company and its controlled subsidiaries are expected to grow +11% vs 2016 and to reach EUR 25.9 million with EUR 3.4 million in adjusted EBITDA. In Q1 2017 the consolidated revenues increased by +19% compared to the same period of 2016.
The Italian market represents about 80% of the sales through a sales network of 45 agents on the territory. Exports account for 20% of sales with a presence in 35 countries and a significant potential to leverage the Company’s outstanding reputation to grow market share outside of Italy.